Record-Breaking Gold Rally Continues for Eighth Day on Safe-Haven Demand The price of gold reached a new peak, marking a record high for the eighth straight session, driven by geopolitical tensions and the support from momentum-following funds, trading up 0.7% to $2,354.37 per ounce. This surge reflects the traders’ strategy to buy on dips, buoyed by concerns over the Russia/Ukraine conflict and tensions in the Middle East. Despite shifting focus from lower rate cut expectations to concerns over persistent high inflation, gold continues to attract investors seeking a safe haven amidst the uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Case for the Silver Bull Market READ MORE Swiss Central Bank Cuts Rates, Getting Ahead of Global Peers READ MORE Gold vs. Silver [The 5 Differences That Matter Most to Investors] READ MORE Dow Nears Historic 40,000 Milestone Amid Optimism READ MORE Gold's Disconnect from Dollar and Yields Raises Questions for Wealth Managers READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment